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The Guardian - US

World

Richard Luscombe

Trump’s business empire could collapse ‘like falling dominoes’ after ruling

Donald Trump Arthur Engoron United States Michael Cohen New York Letitia James Trump Organization

Donald Trump departs from Trump Tower — Donald Trump departs from Trump Tower to give a deposition to New York attorney general Letitia James, who sued Trump and his Trump Organization, on 13 April. Photograph: Mike Segar/Reuters

Donald Trump’s real estate empire could collapse “like falling dominoes”, experts believe, following a New York judge’s ruling that the former president’s business fortune was built on rampant fraud and blatant lies.

According to Michael Cohen, his former attorney and fixer, Trump is already effectively “out of business” in New York after Judge Arthur Engoron on Tuesday rescinded the licenses of the Trump Organization and other companies owned by Trump and his adult sons, Eric and Don Jr.

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